salesforce.com (NYSE:CRM) Receives New Coverage from Analysts at UBS Group

UBS Group initiated coverage on shares of salesforce.com (NYSE:CRM) in a research report released on Wednesday, Anlyst Ratings reports. The brokerage issued a buy rating and a $325.00 price target on the CRM provider’s stock.

Other equities research analysts also recently issued research reports about the stock. Oppenheimer increased their price objective on shares of salesforce.com from $205.00 to $265.00 and gave the stock an outperform rating in a research report on Wednesday, August 26th. JMP Securities raised their target price on shares of salesforce.com from $191.00 to $254.00 and gave the company an outperform rating in a research report on Friday, August 21st. Deutsche Bank Aktiengesellschaft raised their target price on shares of salesforce.com from $195.00 to $225.00 and gave the company a buy rating in a research report on Monday, August 24th. BMO Capital Markets raised their target price on shares of salesforce.com from $213.00 to $230.00 and gave the company an outperform rating in a research report on Friday, August 21st. Finally, Goldman Sachs Group set a $252.00 target price on shares of salesforce.com and gave the company a buy rating in a research report on Tuesday, September 1st. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, thirty-three have issued a buy rating and three have assigned a strong buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $246.31.

Shares of CRM stock opened at $258.55 on Wednesday. The firm has a fifty day moving average of $254.10 and a 200-day moving average of $197.75. The company has a quick ratio of 1.15, a current ratio of 1.15 and a debt-to-equity ratio of 0.07. salesforce.com has a 12-month low of $115.29 and a 12-month high of $284.50. The company has a market capitalization of $235.28 billion, a price-to-earnings ratio of 101.00, a P/E/G ratio of 7.78 and a beta of 1.27.

salesforce.com (NYSE:CRM) last issued its quarterly earnings data on Tuesday, August 25th. The CRM provider reported $1.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.77. salesforce.com had a net margin of 12.21% and a return on equity of 3.99%. The company had revenue of $5.15 billion during the quarter, compared to the consensus estimate of $4.90 billion. During the same quarter in the prior year, the firm earned $0.66 earnings per share. The firm’s revenue was up 28.9% compared to the same quarter last year. On average, equities analysts expect that salesforce.com will post 1.91 EPS for the current year.

In related news, insider Amy E. Weaver sold 5,800 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $258.11, for a total transaction of $1,497,038.00. Following the transaction, the insider now directly owns 26,064 shares of the company’s stock, valued at $6,727,379.04. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Parker Harris sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $275.29, for a total transaction of $1,376,450.00. Following the transaction, the insider now directly owns 66,955 shares in the company, valued at $18,432,041.95. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 731,193 shares of company stock worth $167,388,606. 4.40% of the stock is owned by insiders.

A number of large investors have recently added to or reduced their stakes in CRM. Public Employees Retirement Association of Colorado increased its holdings in salesforce.com by 9.7% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 767,916 shares of the CRM provider’s stock valued at $110,565,000 after buying an additional 68,096 shares during the period. Cohen & Steers Inc. increased its holdings in salesforce.com by 655.4% in the 1st quarter. Cohen & Steers Inc. now owns 2,712 shares of the CRM provider’s stock valued at $390,000 after buying an additional 2,353 shares during the period. Two Sigma Advisers LP bought a new position in salesforce.com in the 1st quarter valued at about $245,000. Maverick Capital Ltd. bought a new position in salesforce.com in the 1st quarter valued at about $491,000. Finally, Enterprise Financial Services Corp increased its holdings in salesforce.com by 45.3% in the 1st quarter. Enterprise Financial Services Corp now owns 581 shares of the CRM provider’s stock valued at $83,000 after buying an additional 181 shares during the period. 81.40% of the stock is currently owned by institutional investors and hedge funds.

About salesforce.com

salesforce.com, inc. develops enterprise cloud computing solutions with a focus on customer relationship management. The company offers Sales Cloud to store data, monitor leads and progress, forecast opportunities, and gain insights through analytics and relationship intelligence, as well as deliver quotes, contracts, and invoices.

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